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Inditex delivers Euro 866 million net profit in the third quarter, and reaches historic net cash position

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The FINANCIAL -- According to Inditex, the company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of Euro 671million in the nine months of FY20, Euro 866 million in the third quarter. Despite 5% of the stores closed in 3Q and ongoing trading restrictions affecting 88% of…